DPW.DE finds buyers again around 36.40


Deutsche Post AG (DPW.DE) Technical Analysis Report for Apr 16, 2018 [< 1 min read]
Highlights
DPW.DE closes higher for the 3rd day in a row
DPW.DE finds buyers again around 36.40
DPW.DE closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 25% Bullish
Technical Forecast:
Overview

Moving higher for the 3rd day in a row, DPW.DE ended Monday at 36.48 edging higher €0.01 (0.03%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session.

Daily chart for DPW.DE
Volatility

Monday's trading range was €0.37 (1.01%), that's far below last trading month's daily average range of €0.62. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly below average.

Support/Resistance

After having been unable to move lower than 36.35 in the prior session, the share found buyers again around the same price level today at 36.40.

Trend

Although the stock is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Selling might speed up should prices move below the close-by swing low at 35.81 where further sell stops could get activated.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Deutsche Post AG
ConditionForecastDirectionWinAvgWorstBestEvents
5 Consecutive Higher Closes TQ Pro Members Only
Close above the upper Bollinger Band TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
More market conditions identified for TQ Pro members...
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